NATO members plan to pledge €70 billion ($80 billion) in military aid to Ukraine for 2026 during an upcoming summit in Turkey on July 6 and 7. This funding commitment was revealed in a draft of the summit's declaration, which has been approved by the ambassadors of NATO's 32 member countries, including the United States. The declaration aims to reaffirm NATO's collective defense commitment under Article 5 of the Washington Treaty, stating,
An attack on one is an attack on all,
according to a report by DW.
Key Details
The financial pledge includes €30 billion each year from an EU loan, alongside contributions from individual countries. European NATO members and Canada are expected to provide the majority of this funding. This move comes amid declining support for Ukraine from the U.S., as President Donald Trump has criticized NATO allies for their defense spending. The summit will also see Ukrainian President Volodymyr Zelenskyy in attendance.
Background
In addition to military aid, the summit declaration will label Russia as "a long-term threat" to Euro-Atlantic security and stability. NATO countries emphasized their commitment to increasing defense spending, following a promise made at last year's summit in The Hague. The declaration reflects a shift in responsibility for supporting Ukraine's defense from the U.S. to its European allies.
Related coverage: Trump Criticizes NATO Spending Ahead of Ankara Summit.
The pledge of military aid is likely to bolster defense sector stocks in Europe, particularly companies involved in arms manufacturing and logistics. Increased funding for Ukraine could also lead to heightened geopolitical tensions, impacting energy markets as concerns about supply disruptions grow. Investors will watch for further details on the summit outcomes and any shifts in U.S. policy towards NATO funding commitments.